1988 (11) TMI 78

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....s delivered by GOKAL CHAND MITAL J. -The Income-tax Appellate Tribunal, Amritsar Bench, has referred the following question of law for the opinion of this court : "Whether, on the facts and in the circumstances of the case, the Tribunal is right in law in holding that the assessee is not entitled to claim deduction of Rs. 6,427 under section 10(29) of the Income-tax Act, 1961 ?" It arises....

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....ing of commodities but was by a private limited company. The assessee wanted to take benefit of the decision rendered by the Supreme Court and the High Courts relating to letting out of godowns by warehousing corporations or such like statutory authorities and they were distinguished. It is no longer in controversy that the benefit under section 10(29) of the Income-tax Act can be taken only by....